Sensex sheds over 66 points on muted TCS quarter numbers

The benchmark BSE Sensex fell over 133 points in early trade on Wednesday due to selling in IT stocks after TCS’ second quarter earnings failed to impress investors.

businessUpdated: Oct 14, 2015 17:05 IST

PTI PTI

BSE Sensex fell over 133 points in early trade on Wednesday.(File Photo)

Shares ended lower for a third straight session with the benchmark BSE Sensex falling over 66 points on Wednesday to 26,779.66, dragged down by selling in IT stocks after TCS second quarter numbers failed to impress investors amid weak global cues.

Declines in TCS and Wipro at 4.39% and 0.47%, respectively, kept the barometer index under pressure.

The Sensex has now lost 300 points in the last three days.

Globally, Asian markets fell after Chinese inflation data indicated more weakness in the world’s second-biggest economy, while European markets were also down in their early trade.

Back home, market sentiment, which was already muted on disappointing Q2 earnings by Infosys and TCS, got a further jolt after Hindustan Unilever reported a decline of 2.62% in standalone net profit.

Besides, TCS on Tuesday reported a 16% surge in net profit to Rs 6,084.66 crore for the second quarter.